After a choppy week, the market just flashed a tell that disciplined traders love: Bitcoin reclaimed a key support after a false breakdown, Ethereum is hovering uncomfortably above a fragile floor, and XRP is coiling mid-range. The next daily close could decide whether momentum extends into the weekend—or fades into another liquidity trap.

Market Snapshot

Bitcoin is up roughly +1.21% and trades near $109,685, recovering from a dip below support at $106,137. Ethereum adds about +0.63% to $3,846, but sits close to key support at $3,694. XRP is flat around $2.4072, pacing the midpoint of a clean range between $2.1901 and $2.6460.

Why This Move Matters

- For BTC, reclaiming $106,137 after a false break suggests sellers may be exhausted. A close near the highs with a short upper wick would keep $112,000 in play before week’s end. - For ETH, proximity to $3,694 means a decisive break risks a quick slide to the $3,600 area. Bulls must defend on a closing basis. - For XRP, mid-channel positioning implies mean reversion conditions—edge favors range strategies until a catalyst forces expansion.

Key Levels To Watch

• BTC: Support $106,137; resistance/target $112,000. Bias constructive while above support on daily closes.
• ETH: Support $3,694; downside magnet $3,600 if support fails.
• XRP: Range support $2.1901; range resistance $2.6460; spot near $2.4072 mid-range.

Actionable Playbook (Short-Term)

• BTC: If the daily candle closes strong (near highs, small upper wick), look for a pullback-retest of $108.5k–$109.2k to target a push toward $112k. Invalidation: daily close back below $106,137.
• ETH (Momentum Contingency): If $3,694 breaks on rising volume, consider momentum continuation toward $3,600 with tight risk above the broken level. If defended, look for a squeeze back into the $3,730–$3,780 zone for mean reversion.
• XRP (Range Tactics): Fade extremes—accumulate near $2.19–$2.22 and lighten near $2.62–$2.65, only on confirmed rejection wicks or momentum stall. Invalidation: 2–3% beyond range boundaries.

Risk and Confirmation

• Wait for daily close confirmation; intraday wicks can be traps.
• Watch volume expansion: breakouts without volume tend to fail.
• Monitor funding and open interest for one-sided positioning that can fuel squeezes.
• Be mindful of weekend liquidity: levels can overshoot in thin markets.

Bottom Line

The tape favors BTC upside continuation if it holds above $106,137 into the close, with $112,000 the next magnet. ETH sits on a knife’s edge at $3,694, making risk control essential. XRP remains a range trader’s market until $2.1901 or $2.6460 gives way. Let the daily close lead your bias, not the intraday noise.

If you don't want to miss any crypto news, follow my account on X.